YanFeng Expands Fountain Inn, South Carolina, Operations

URLhttps://www.areadevelopment.com/newsItems/1-19-202
SourceArea Development
Date Published01/19/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Yanfeng
Parent companyYanfeng
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):58
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2026
Capital investment ($):49.6
Country(ies) from which reshored:China
City reshored to:Fountain Inn
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredautos interiors
What domestic positive factors made reshoring more attractive?Eco-system synergies, Infrastructure, Proximity to customers/market
Government Incentive dollar amount:.2
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